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Real Estate Prices & Overview

Ranchos Penitas West / Ranchitos Las Lomas median real estate price is $219,690, which is more expensive than 36.3% of the neighborhoods in Texas and 27.0% of the neighborhoods in the U.S.

The average rental price in Ranchos Penitas West / Ranchitos Las Lomas is currently $1,179, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 91.5% of Texas neighborhoods.

Ranchos Penitas West / Ranchitos Las Lomas is a remote neighborhood (based on population density) located in Laredo, Texas.

Ranchos Penitas West / Ranchitos Las Lomas real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and mobile homes. Most of the residential real estate is owner occupied. Many of the residences in the Ranchos Penitas West / Ranchitos Las Lomas neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.

Vacant apartments or homes are a major fact of life in Ranchos Penitas West / Ranchitos Las Lomas. The current real estate vacancy rate here is 39.6%. This is higher than the rate of vacancies in 97.4% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (20.0%). This can occur in vacation areas, and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. If you live here year round, you may find that a number of buildings in your neighborhood are actually empty.

Notable & Unique Neighborhood Characteristics

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.

Real Estate

Unpopulated, and rural, the Ranchos Penitas West / Ranchitos Las Lomas neighborhood is one of the least crowded neighborhoods in all of America. If you like open space, no traffic, and lots of room, this neighborhood may be just what you are looking for. According to NeighborhoodScout's leading research, this neighborhood is less densely populated than 99.5% of the neighborhoods in America.

In addition, despite all of the residential real estate here in the Ranchos Penitas West / Ranchitos Las Lomas neighborhood, NeighborhoodScout has discovered that much of it is vacant. In resort or second-home vacation areas, this naturally occurs because homes and apartments are seasonally occupied, and empty for a portion of the year. In non-vacation or resort areas, however, this can be an indicator of property abandonment or a weak real estate market. The vacancy rate here is 39.6%, which is higher than 97.4% of all U.S. neighborhoods.

People

Astoundingly, NeighborhoodScout's research reveals that this single neighborhood has a higher concentration of married couples living here than 97.2% of all U.S. neighborhoods. Whether they have school-aged children or not, married couples are the rule in the Ranchos Penitas West / Ranchitos Las Lomas neighborhood. If you are a married couple, you may find many people here with a similar lifestyle, and perhaps common interests. But if you are single, you might not find many other singles here.

In addition, if you are planning to retire in Texas, this neighborhood should be on your must-see list. For many reasons, Ranchos Penitas West / Ranchitos Las Lomas may be considered a retiree's dream neighborhood. According to NeighborhoodScout's exclusive analysis and metrics, it's peaceful and quiet, has above average safety from crime compared to other neighborhoods in Texas, while also offering a diverse range of housing options. This, along with the vibrant mix of very educated seniors and other age groups who choose to live here, makes the neighborhood more retiree-friendly than 96.1% of neighborhoods in TX. If a Texas retirement is in your future, this neighborhood should be one of the places you visit.

Diversity

Did you know that the Ranchos Penitas West / Ranchitos Las Lomas neighborhood has more Mexican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 66.4% of this neighborhood's residents have Mexican ancestry.

Ranchos Penitas West / Ranchitos Las Lomas is also pretty special linguistically. Significantly, 78.6% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 98.4% of all U.S. neighborhoods.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the Ranchos Penitas West / Ranchitos Las Lomas neighborhood in Laredo are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 57.0% of the neighborhoods in America. With 15.1% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 60.3% of U.S. neighborhoods.

The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.

In the Ranchos Penitas West / Ranchitos Las Lomas neighborhood, 30.3% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 29.6% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (21.8%), and 18.2% in sales and service jobs, from major sales accounts, to working in fast food restaurants.

Languages

The most common language spoken in the Ranchos Penitas West / Ranchitos Las Lomas neighborhood is Spanish, spoken by 78.6% of households. Some people also speak English (21.4%).

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the Ranchos Penitas West / Ranchitos Las Lomas neighborhood in Laredo, TX, residents most commonly identify their ethnicity or ancestry as Mexican (66.4%). There are also a number of people of English ancestry (4.7%), and residents who report Irish roots (4.0%), and some of the residents are also of Puerto Rican ancestry (2.0%), along with some German ancestry residents (1.2%), among others. In addition, 23.5% of the residents of this neighborhood were born in another country.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Ranchos Penitas West / Ranchitos Las Lomas neighborhood spend under 15 minutes commuting one-way to work (31.2% of working residents), one of the shortest commutes across America.

Here most residents (66.4%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (17.7%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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